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Grays Company has inventory of 21 units at a cost of $9 each on August 1. On August 3, it purchased 31 units at $11

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Grays Company has inventory of 21 units at a cost of $9 each on August 1. On August 3, it purchased 31 units at $11 each. 23 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 23 units that were sold? Multiple Choice 5.53 $211 O $152 $215 CAD

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